Bull in the next day or two for INSYS -
Unless we go into an all our recession, I'm pretty sure this stock will keep doing it's own thing (based on beta).
With that said, it's looking like over the first few hours on Monday this stock will do some dropping, most likely hitting the 1.618 pitchfan line created on the weekly and overlaid on the larger pitchfork.
The area of the 1.618 is very close to the .318 trend-based Fibonacci line.
The large pitchfork warning line (orange) is still close, and if crossed could mean a reversal for the median is underway. We shall see.
If the stock does continue down, we need to pay attention to the more recent, pitchfork, pitchfan, and yellow warning lines.
With that said, it's looking like over the first few hours on Monday this stock will do some dropping, most likely hitting the 1.618 pitchfan line created on the weekly and overlaid on the larger pitchfork.
The area of the 1.618 is very close to the .318 trend-based Fibonacci line.
The large pitchfork warning line (orange) is still close, and if crossed could mean a reversal for the median is underway. We shall see.
If the stock does continue down, we need to pay attention to the more recent, pitchfork, pitchfan, and yellow warning lines.
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